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Baltimore Business Journal: Franchot gives Ellicott City businesses more time to pay sales tax
May 29, 2018
Maryland Comptroller Peter Franchot is giving businesses affected by the devastating flooding in Ellicott City this past weekend more time to pay their sales taxes.
Ellicott City-area businesses will receive a six-month extension for Howard County business tax returns due. The extension includes sales and use tax, withholding tax and admissions and amusement tax.
Taxpayers who file and pay by the extended due date will receive a waiver of interest and penalties. The sales and use tax vendor discount will apply as long as the returns are filed and the taxes are remitted by Dec. 31.
"During this time of terrible loss, this is one thing we can do to ease the burden on business owners who are just beginning to assess the damage and consider next steps," Franchot said in a statement.
Eight inches of rain caused a flash flood for the second time in less than two years in Ellicott City on Sunday.
Businesses that had recovered from a "once in a 1,000 years" flood two years ago are left questioning their futures once again.
The Comptroller's Office also issued a temporary waiver of international fuel tax agreement requirements for those providing emergency supplies and support to the areas impacted by the recent storms and flooding.
The agency has set up a special flood assistance email address – email@example.com – to more quickly assist local businesses.